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Blockchain conference participants invited to invest in Grand Bahama

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#Freeport, GrandBahama, June 22, 2018 – Bahamas – During opening day of the first Bahamas Blockchain and Cryptocurrency Conference, presenters and visiting guests were invited by the Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest to invest in the island.  The conference was officially opened Wednesday, June 21, at the Grand Lucayan by Prime Minister, Dr. the Hon. Hubert A. Minnis.  The event ends on Friday.

Minister Turnquest said, “The investment opportunities in Grand Bahama straddle many sectors: technology, of course, in keeping with our vision for Grand Bahama to be the tech hub for The Bahamas, to be the Silicon Valley of the Caribbean; but also the tourism industry, the maritime field, and the industrial sector.  This is reflected in the anchor businesses currently on the island, and those projects in development and under consideration.”

Listing some of the major companies currently doing business on the island, the Minister cited Freeport Container Port, Grand Bahama Shipyard, and Buckeye Bahamas Ltd.

“All of these existing investments speak to the diverse business community we already have here in Grand Bahama; and our desire is to see the island continue to grow as a hub of innovation and industry.  There are clear and present signs that investors have bought into this vision for Grand Bahama.”

With the recent commitment from Grand Palm Beach Acquisitions investment group that committed $2 billion over the next ten years to repair, revitalize and develop the former Ginn Sur Mer project in West End, this development is expected to include multiple hotels, including a casino hotel, branded hotel residences, two marinas, a golf course, an organic farm, and a smart city.

“This means digital technology will be a part of the core design and operation of this resort and residential community.

“We certainly want to encourage the use and integration of technology in ways that create efficiencies, improve environmental sustainability, boost economic development and enhance quality of life factors for people living and working in our islands.”

The Deputy Prime Minister further stated, “In many respects, Grand Bahama is seeing a surge of interest from investors, some of whom are returning to complete projects that were impacted by the global recession.

“The $5 million Seaward Fishing Village Project, which had its genesis in 2003, will be resuming development in West Grand Bahama.  The 35-acre site in Deadman’s Reef will generate quite a boost in the construction of vacation homes, creating a unique community for year-round visitors looking for an opportunity to dock their boats and enjoy the best sports fishing on offer in The Bahamas.  It will provide significant infrastructural development including the installation of underground electrical and water utilities, roads and a 1,400 ft. marina.

“Also in the pipeline is a $47 million development by Grand Bahama Project Leisure Ltd., which has been approved in principle by the government. Their plan is to build a world-class motor sport, tourism and commercial development, also in West End, to be constructed on a few dozen acres of beachfront property.  The project includes construction of 300 villas and a karting track with educational facilities.”

Describing the opportunities on the island as “ripe,” Deputy Prime Minister Turnquest said the Bahamas Blockchain and Crytocurrency Conference is timely because:

  1. “First, as a government we set out a vision for Grand Bahama to be the tech hub for The Bahamas and the region; to be the Silicon Valley of The Caribbean, so we are committed to pursuing those opportunities that will bring this vision to life in Grand Bahama.
  2. “Second, blockchain and cryptocurrency, in particular are dynamic and game changing technologies, and as a country we want to be at the forefront of their use and integration into our systems, particularly where they can improve the ease of doing business and lead to innovations that boost development.
  3. “Third, the technology sector on the whole is one which the government is keen to develop and promote niche markets in The Bahamas. Earlier this year, we enacted the Commercial Enterprises Act, which creates a special work-permitting structure that allows companies to set up their operations quickly, when they are making substantive investments in targeted areas in the tech sector and other areas, including: Nanotechnology, Data Storage, Software Design, Manufacturing Enterprises, Wealth Management, Computer Technology, Captive Insurance, Maritime and Aviation Registration, among others.”

With the introduction of The Commercial Enterprises Act, he said, new foreign direct investment and job creation is already being seen with the multi-million dollar investment by GIBC Digital.  The company has already hired 25 people and will have their official opening next Thursday. With an estimated economic impact of $10 million during the first year, the company is set to hire an additional 25 people, and has made Freeport their training headquarters.  They expect to expand their Bahamian operation to over 150 employees and build a state-of-the-art, sustainable Data and Al centre within three years.  It is hoped their economic impact will be in the area of $50 million by 2020.

The Deputy Prime Minister stated, “The fourth and final reason this conference is so timely: The government has a vision of a Digital Bahamas, and we are heavily invested in the government’s leadership role in this area.

“What do I mean by that? As a government we cannot rightly champion ideas that we are not adopting ourselves.  The more we allow the population to interact with us digitally, the more we facilitate the necessary behavior shifts to bring our vision of a Digital Bahamas to life.”

 

By: Robyn Adderley (BIS)

 

 

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Caught in the Net, Not Accused of Wrongdoing

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What the Attorney General must do now to protect Bahamian exports

Deandrea Hamilton | Editor

NASSAU, Bahamas — The United States’ decision to impose a 12.5 percent tariff on Bahamian exports is about more than higher costs for seafood, rum and other goods entering the American market. It is a warning that The Bahamas must move quickly to strengthen or clarify its legal framework governing forced labour and supply-chain enforcement.

The tariff, which takes effect July 24, is part of a sweeping U.S. trade action affecting 60 economies following a review by the Office of the U.S. Trade Representative (USTR). The review concluded that the listed countries have not adequately prohibited or enforced measures against goods linked to forced labour in global supply chains.

The action follows a recent U.S. Supreme Court ruling that invalidated an earlier series of Trump-era tariffs imposed under emergency powers. In response, the Trump administration shifted to a different legal authority—Section 301 of the Trade Act of 1974—using findings from a U.S. Trade Representative investigation into forced-labour compliance to support a new round of tariffs affecting 60 economies, including The Bahamas.

Importantly, the action does not accuse Bahamian businesses of using forced labour. Instead, it reflects the U.S. view that The Bahamas’ legal or enforcement framework does not yet meet the standard Washington expects.

That distinction matters.

The Attorney General’s Office now has the responsibility to lead the country’s legal response. That begins with determining precisely what concerns the U.S. Trade Representative identified, reviewing whether Bahamian law adequately addresses those concerns and, where necessary, recommending legislative or regulatory changes. If deficiencies exist, legal amendments and stronger enforcement could help position The Bahamas for removal from the tariff list.

The government may also seek formal discussions with U.S. officials while those reforms are undertaken, outlining a clear timetable for compliance and demonstrating that the country is committed to meeting international labour standards.

A Nassau Guardian front-page report on July 24 drew attention to the tariff action, prompting broader questions about why The Bahamas was included among the 60 economies affected by the U.S. trade measure and what steps are now needed to restore full confidence in the country’s trade framework.

For many Bahamians, the immediate concern will be the fisheries sector, one of the country’s largest export industries. Commercial shipments of lobster, conch, fish, crawfish and other products entering the United States could become more expensive because of the additional tariff, potentially affecting exporters’ competitiveness.

The broader lesson is that international trade increasingly depends not only on quality products, but also on strong business relationships and confidence in the legal systems that govern them.

For The Bahamas, this is less a finding of wrongdoing than a reminder that international credibility is earned through modern laws, effective enforcement and trusted partnerships. The challenge now is for the Attorney General’s Office to lead a swift legal review, identify any deficiencies and chart a clear path toward compliance so Bahamian exporters are not burdened any longer than necessary.

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What 45 Shell Casings and New Murder Charges May Mean for Three Officers in the Azario Major Case  

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By Deandrea Hamilton | Editor

NASSAU, Bahamas (July 16, 2026) — The allegation is as shocking as it is consequential. Prosecutors now contend Azario Major was struck by additional gunfire after he was already dead.  That conclusion has prompted the Director of Public Prosecutions to upgrade the case against three police officers from manslaughter to murder ahead of a judge-only trial.

According to court filings and the DPP’s review of the forensic evidence, prosecutors allege that additional rounds entered Major’s body after death, a finding they say fundamentally changed their assessment of the case and justified the more serious charge of murder.

Investigators recovered 45 spent shell casings at the scene of the Boxing Day 2021 fatal shooting of Azario Major, a striking piece of forensic evidence that has remained central to the case from its earliest days.

Major, 31, was fatally shot by police outside Woody’s Bar on Fire Trail Road on December 26, 2021. While police initially maintained the shooting was justified, the circumstances surrounding the incident were heavily scrutinized during a Coroner’s Court inquest, where jurors ultimately returned a verdict of homicide by manslaughter.

The officers later challenged that finding, but the Supreme Court upheld the Coroner’s Court ruling, paving the way for criminal proceedings. They were subsequently arraigned on manslaughter charges and pleaded not guilty.

The DPP’s decision to elevate the charges to murder significantly raises the legal stakes. Unlike manslaughter, which does not necessarily require proof of an intent to kill, a murder conviction requires prosecutors to establish the legal elements of the more serious offence beyond a reasonable doubt. The prosecution’s case is now expected to focus heavily on forensic evidence, ballistic analysis and the sequence of gunfire during the fatal encounter.

The case is also notable because it will proceed without a jury. Barring further delays, the trial is expected to open on September 14 before Justice Guillimina Archer-Minns in a judge-alone trial, where a single judge—not a jury—will decide the fate of the three accused officers.

The proceedings will determine not only whether the three officers are guilty or innocent of murder, but whether prosecutors’ extraordinary allegation—that Azario Major was struck by additional gunfire after he was already dead—can be proven in court.

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CARICOM Targets Affordability as Bahamas, TCI Continue to Feel the Pinch  

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By Deandrea Hamilton

 

Cheaper shipping. Lower energy costs. Better access to healthcare. Stronger consumer protections.

Those are among the measures CARICOM Heads of Government believe could finally begin reducing the stubbornly high cost of living for millions of people across the Caribbean.

Meeting in Saint Lucia, regional leaders agreed that making life more affordable must become one of the Community’s highest priorities. Their emerging strategy includes reducing freight costs through a regional ferry service, accelerating renewable energy projects to lessen dependence on imported fuel, expanding regional healthcare partnerships, strengthening consumer protection, and encouraging governments to adopt successful cost-of-living measures already being implemented across the Caribbean.

“Our discussions over the past four days were guided by one central objective – ensuring that CARICOM delivers results that people can see and feel in their everyday lives,” CARICOM Chairman and Saint Lucia Prime Minister Philip J. Pierre said.

Few places may welcome that relief more than The Bahamas and the Turks and Caicos Islands.

Although inflation has moderated in both countries from the sharp increases experienced following the pandemic, the cost of living remains stubbornly high. Families continue to complain about grocery bills that stretch household budgets, rising housing costs, expensive electricity, healthcare expenses and fuel prices that remain among the highest in the region.

Governments have responded.

In The Bahamas, successive reductions in Value Added Tax on selected goods and other targeted tax measures have sought to ease pressure on consumers. In the Turks and Caicos Islands, the Government this weekend opens applications for its $500 Cost of Living Relief Programme, acknowledging that many households continue to struggle despite the country’s economic success.

Yet affordability remains elusive.

The contradiction is difficult to ignore.

The Turks and Caicos Islands continues to post one of the region’s strongest tourism-driven economies, with robust investment, record visitor spending and sustained construction activity. The Bahamas has also strengthened its economic position, earning improved sovereign credit ratings as tourism, government revenues and fiscal performance continue to recover.

Yet those encouraging economic indicators have not translated into noticeably lower household expenses.

The reason is largely structural.

Both The Bahamas and the Turks and Caicos Islands produce relatively little of what they consume. Food, fuel, medicines, vehicles, building materials and countless household essentials are imported. Both countries also record significant trade deficits, illustrating their dependence on overseas suppliers. Every increase in global shipping costs, fuel prices or supply chain disruptions is eventually reflected in supermarket prices, utility bills and the cost of everyday living.

That is why CARICOM’s agenda matters.

If regional leaders succeed in lowering freight costs through an inter-island ferry network, expanding renewable energy, improving regional cargo movement, strengthening consumer protections and making healthcare more accessible through cooperation, the benefits could extend far beyond government balance sheets.

For Bahamians and Turks and Caicos Islanders, success will not be measured by another tourism record or another credit rating upgrade. It will be measured at the supermarket checkout, on the monthly electricity bill, at the gas pump and in the simple ability to afford a better quality of life.

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